Holtzman Clothiers's stock currently sells for $33 a share. It just paid a dividend of $2.75 a share (i.e., D0 = $2.75). The dividend is expected to grow at a constant rate of 10% a year.

What stock price is expected 1 year from now? Round your answer to two decimal places.

What is the required rate of return? Round your answer to two decimal places. Do not round your intermediate calculations.